Globeleq Americas owns energy companies in Central and South America and the Caribbean.
Israel Corp. (TASE: ILCO) and its partner, DS Constructions Ltd. of India, have fully acquired Globeleq Americas Ltd. from Bermuda-registered Globeleq International Ltd. for $568 million. Israel Corp. and DS Constructions set up a joint venture, which they own in equal shares, for participation in the international tender. “Globes” was the first to report that Globeleq was the subject of the tender.
Israel Corp. said that Globeleq Americas directly and indirectly owns a number of energy companies in Central and South America and the Caribbean. Israel Corp. said that the company’s power plants generate an aggregate 2,000 megawatts.
Israel Corp. chairman Ido Ofer said, “Globeleq Americas will be the foundation for Israel Corp.’s power stations activity worldwide.”
Published by Globes [online], Israel business news - www.globes.co.il - on May 27, 2007
© Copyright of Globes Publisher Itonut (1983) Ltd. 2007